Jawdat Al Halabi, CEO of NCB Capital and Nael Samir Fayez, CEO of Injaz-Saudi Arabia after signing the agreement
NCB Capital, the leading GCC wealth manager and Saudi Arabia’s largest investment bank, has signed an exclusive agreement with INJAZ-Saudi Arabia to sponsor a three-year financial literacy training program for male and female Saudi university students.
This programme will provide students with an appreciation and understanding of the fundamentals of investing and money management, with an emphasis on how to make informed investment decisions. The component elements will include courses on financial planning, personal investment, advantages and disadvantages of credit, and protection against identity theft.
Announcing the launch of the venture with INJAZ-Saudi Arabia, Jawdat Al Halabi, CEO of NCB Capital, said, “As the leading wealth manager in the Kingdom, we have a responsibility to help broaden the understanding of financial services throughout the population. Being able to offer this programme to younger members of society is an important step in helping them to gain broad financial knowledge and to appreciate the importance of financial planning before they set out on their careers.”
This programme is part of NCB Capital’s commitment to supporting the educational initiatives of the Custodian of the Two Holy Mosques and his government which are aimed at encouraging economic growth and employment throughout the Kingdom.
NCB Capital’s sponsorship is aimed at making a significant contribution in preparing young Saudis to play their part in the Kingdom’s economic development, as well as providing broad benefits that can help them to become financially-knowledgeable citizens with skills that will be helpful as they enter employment. This is an important component of the bank’s broader investment in social and community support.
Nael Samir Fayez, CEO of INJAZ-Saudi Arabia, said: “We are especially pleased that NCB Capital is sponsoring this initiative since we share the same values. This alliance complements INJAZ’S mission to provide leadership, entrepreneurship, economic and life skills through strategic partnerships with the private sector and the Saudi Ministry of Education.”
